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CDZ
CDZ
CDZ - Cadiz Holdings Limited - Directors` Interests
Cadiz Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/007258/06)
Share code: CDZ ISIN: ZAE000017661
DIRECTORS` INTERESTS
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the
following information is disclosed:
Director: Ram Barkai
Office held: Director of Cadiz Holdings Limited
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz
Option strike price: 88 cps
Date of exercise: 8 March 2007
Number of shares: 1 200 000 and 400 000
Vesting date: 26 July 2006 and 1 January 2007
Period of vesting: 5 years
Class of shares: Ordinary
Nature of interest: Direct beneficial
Value of transaction: R1 408 000
Director: Erica Bruce
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Stock Broking (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz
Option strike price: 88 cps
Date of exercise: 6 March 2007
Number of shares: 40 000
Vesting date: 1 January 2007
Period of vesting: 5 years
Class of shares: Ordinary
Nature of interest: Direct beneficial
Value of transaction: R52 800
Director: Phil Sturgess
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Asset Management (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz and subsequent disposal to
settle the debt and tax arising on the exercise of
options
Option strike price: 88 cps
Date of exercise: 6 March 2007
Number of options: 75000, 100000, 270000, 270000 & 255337
Vesting date: 1 November 2004 and 2005, 1 January 2005, 2006 and
2007
Period of vesting: 4 and 5 years; and 3, 4 and 5 years respectively
Value of transaction: R853 896.51
Date of sale: 6 March 2007
Number of shares sold: 487 794
Price per share: 514.09cps
Value of transaction: R2 507 700.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Darren Simpson
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Stock Broking (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz and subsequent disposal to
settle the debt and tax arising on the exercise of
options
Option strike price: 88 cps
Date of exercise: 6 March 2007
Number of options: 86 653
Vesting date: 1 January 2007
Period of vesting: 5 years
Value of transaction: R76 254.94
Date of sale: 6 March 2007
Number of shares sold: 43 561
Price per share: 514.09cps
Value of transaction: R223 943.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: James Walsh
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Stock Broking (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz and subsequent disposal to
settle the debt and tax arising on the exercise of
options
Option strike price: 88 cps
Date of exercise: 6 March 2007
Number of options: 86 653
Vesting date: 1 January 2007
Period of vesting: 5 years
Value of transaction: R76 254.94
Date of sale: 6 March 2007
Number of shares sold: 43 561
Price per share: 514.09cps
Value of transaction: R223 943.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Phil Sturgess
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Asset Management (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already granted
and accepted in Cadiz and subsequent disposal to
settle the debt and tax arising on the exercise of
options
Option strike price: 88 cps
Date of exercise: 8 March 2007
Number of options: 104 663
Vesting date: 1 January 2007
Period of vesting: 5 years
Value of transaction: R92 103.44
Date of sale: 8 March 2007
Number of shares sold: 52 918
Price per share: 500.0cps
Value of transaction: R264 588.22
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Darren Simpson
Office held: Director of major subsidiary of Cadiz Holdings
Limited
Company: Cadiz Stock Broking (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the
vesting and exercising of options already
granted and accepted in Cadiz and subsequent
disposal to settle the debt and tax arising on the
exercise of options
Option strike price: 88 cps
Date of exercise: 8 March 2007
Number of options: 9347
Vesting date: 1 January 2007
Period of vesting: 5 years
Value of transaction: R8 225.06
Date of sale: 8 March 2007
Number of shares sold: 4 726
Price per share: 500.00cps
Value of transaction: R23 628.34
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: James Walsh
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Pty) Ltd
Nature of transaction: Take up and purchase of shares pursuant to the vesting
and exercising of options already granted and accepted
in Cadiz and subsequent disposal to settle the debt and
tax arising on the exercise of options
Option strike price: 88 cps
Date of exercise: 8 March 2007
Number of options: 9347
Vesting date: 1 January 2007
Period of vesting: 5 years
Value of transaction: R8 225.06
Date of sale: 8 March 2007
Number of shares sold: 4 726
Price per share: 500.00cps
Value of transaction: R23 628.34
Class of shares: Ordinary
Nature of interest: Direct beneficial
In 2004 the Share Trusts delivered ordinary shares in the capital of the company
to the following directors which vested 20% per year on the 6 January from years
three to seven. Funding for the purchase was provided by the trusts with
interest accruing at the fringe benefits tax rate, subject to the proviso that
all distributions be applied to reduce the debt. On 6 March 2007 the following
directors took delivery of the first tranche of vested shares for settlement of
the outstanding debt:
Director: Erica Bruce
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares 30,000
Debt: R68,349.00
Class of shares: Ordinary
Nature of interest Direct beneficial
Director: Evan Jones
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management (Pty) Limited
Number of shares: 70,000
Debt: R159,481.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Frank Cadiz
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz African Harvest Asset Management (Pty) Limited
Number of shares: 180,000
Debt: R410,094.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Kevin Morley
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Secutiries (Proprietary) Limited
Number of shares: 90,000
Debt: R205,047.00
Class of shares: Ordinary
Nature of transaction: Shares allocated in terms of CHEST
Nature of interest: Direct beneficial
Company Secretary: Fraser Shaw
Company: Cadiz Holdings Limited
Number of shares: 60,000
Debt: R136,698.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Dan Ahern
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Securities (Proprietary) Limited
Number of shares: 90,000
Debt: R205,047.00
Shares sold 39,793
Price: 5.1528
Proceeds: R205,047.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Darren Simpson
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares 40,000
Debt: R91,132.00
Shares sold 17,686
Price: 5.1528
Proceeds: R91,132.00
Class of shares: Ordinary
Nature of interest Direct beneficial
Director: James Walsh
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares 40,000
Debt: R91,132.00
Shares sold 17,686
Price: 5.1528
Proceeds: R91,132.00
Class of shares: Ordinary
Nature of interest Direct beneficial
Director: Mabatho Seeiso
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management (Proprietary) Limited
Number of shares: 100,000
Debt: R227,830.00
Shares sold 100,000
Price: 5.1528
Proceeds; R515,280.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Matthew Nhlapo
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Stock Broking (Proprietary) Limited
Number of shares: 30,000
Debt: R68,349.00
Shares sold 13,264
Price: 5.1528
Proceeds; R68,349.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Phil Sturgess
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Asset Management (Pty) Limited
Number of shares: 50,000
Debt: R113,915.00
Shares sold 22,107
Price: 5.1528
Proceeds: R113,915.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Director: Thabo Tembo
Office held: Director of major subsidiary of Cadiz Holdings Limited
Company: Cadiz Securities (Proprietary) Limited
Number of shares: 230,000
Debt: R524,009.00
Shares sold 230,000
Price: 5.1528
Proceeds: R1,185,144.00
Class of shares: Ordinary
Nature of interest: Direct beneficial
Clearance in terms of paragraph 3.66 has been given by the designated person.
08 March 2007
Sponsor: Investec Bank Limited
Date: 08/03/2007 17:08:13 Produced by the JSE SENS Department.
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